Intech Investment Management LLC Has $996,000 Holdings in BancFirst Co. (NASDAQ:BANF)

Intech Investment Management LLC boosted its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 33.3% in the fourth quarter, HoldingsChannel reports. The fund owned 8,497 shares of the bank’s stock after buying an additional 2,123 shares during the quarter. Intech Investment Management LLC’s holdings in BancFirst were worth $996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. AlphaQuest LLC boosted its position in BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after acquiring an additional 89 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock valued at $338,000 after buying an additional 110 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of BancFirst by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank’s stock valued at $1,845,000 after buying an additional 184 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of BancFirst by 155.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after buying an additional 191 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of BancFirst by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock valued at $953,000 after buying an additional 253 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BANF. Keefe, Bruyette & Woods lifted their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

BancFirst Stock Down 0.0 %

Shares of BANF stock opened at $109.61 on Friday. The stock’s 50 day simple moving average is $116.81 and its 200 day simple moving average is $115.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.02 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. As a group, research analysts predict that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, March 31st. BancFirst’s dividend payout ratio is currently 28.57%.

Insiders Place Their Bets

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $707,820. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the transaction, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $2,994,350 in the last three months. Company insiders own 33.89% of the company’s stock.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.